CFD Trading – Buy Sri Trang Agro (NC2.SGX) at $1.43. Stop at $1.38 and Target at $1.66.

Sri Triang Agro Stock Code NC2.SGX

After moving above the cloud on the 22 Oct, a price rally carried price to a high of $1.57. A price correction has sent price to the previous resistance turned support at $1.43. Conversion line is providing support at this price level as well. Conversion and Base had a bullish crossover previously, confirming the bullish trend. Lagging Span is above price of 26 days ago and is also above the cloud, confirming the bullish trend. MACD is bullish and both of its lines are moving higher. As long as price does not close the gap at $1.40, we think price is likely to move higher to $1.67.

$1.43                 Buy
$1.66                 Price Target
$1.38                 Risk Management Stop
3 weeks            Trade Duration

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